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Home / Metal News / No Bottom in Sight for Manganese Ore Prices at Chinese Ports Next Week

No Bottom in Sight for Manganese Ore Prices at Chinese Ports Next Week

Oct 23, 2015 17:40

Source:SMM

SMM sees no bottom in sight for imported manganese ore prices at Chinese ports to extend losses next week.

SHANGHAI, Oct. 23 (SMM) – SMM sees no bottom in sight for imported manganese ore prices at Chinese ports to extend losses next week.

Price cut by overseas manganese ore suppliers for November will keep downstream buyers even more cautious about stock building. Traders at ports will sell at discount to lure buyers for fear that prices will fall further.

Port stocks totaled 2.57 million tonnes as of October 23, down slightly from a week ago.

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